New Plant Construction in South Chungcheong by SK Geo Centric and Plastic Energy
25. January 2024The construction of a new plant for the pyrolysis of plastic waste is being planned in Dangjin, South Chungcheong. The project is a joint venture between SK Geo Centric, the chemical arm of SK Innovation, and Plastic Energy, a British company specializing in the pyrolysis of plastics. This facility, expected to handle an annual capacity of 66,000 tons of plastic, is a significant step following SK geo centric’s initial foray into this field with a similar facility in Ulsan. The Ulsan plant, part of the company’s Advanced Recycling Cluster, is scheduled to begin operations in 2025. Equipment and components used in this area generally require KCs Certification in order to be approved for import and distribution in Korea.
The construction of the Dangjin plant was confirmed through a memorandum of understanding (MOU) signed in Frankfurt, Germany, on a recent Tuesday. This agreement was reached between SK geo centric, Plastic Energy, and the regional governments of Chungcheong and Dangjin. This collaboration underscores the commitment of both companies to expanding their capabilities in plastic recycling technology.
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